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If you're one that avoids economic news, politics, and global matters you may want to pause and lean into this conversation as an objective view of reality with historical context.
These are scary uncertain times we're living through with an entire banking system failing, politics with one agenda to divide the country, and the battle for global power.
With the economic crisis unfolding before us, you have a decision to make on how you respond in this moment. No one can tell you what is best for you, but as Ray Dalio puts it, he wants you to at least understand the mechanics of what is happening so you can do your own analysis of what's best for you.
Ray Dalio, the founder of the world's largest hedge fund, Bridgewater, a billionaire investor, and bestselling author, joins Tom for a sobering conversation about the obvious problems with banking causing its collapse and the moment in time we're facing with global conflicts on the rise.
The emphasis is on understanding the mechanics and knowing what to look for and how you'll respond. Ray shares valuable insights on the way banking works, why the collapse of SVB was obvious, the 6 cycle trend that sees the rise and fall of empires, and 3 tiers of security you can put in place for yourself.
Ray Dalio has decades of experience, knowledge, and learnings he's put together his books, Principles: Life and Work, Principles for Dealing with the Changing World Order, and video content he's made freely available on his YouTube channel for everyone that values truth and radical honesty.
Check out Ray's video mentioned in this episode, Principles for Dealing with the Changing World Order: https://youtu.be/xguam0TKMw8
QUOTES:
'One man's debts are another man's assets.'
'It's not safe because I'm losing money to inflation.'
'We know we're going to have financial problems and economic problems at the same time that we have this internal fighting and this external risky situation.'
'When we think about safety we have to think about that as purchasing power.'
'You as an individual should think about the total safety, including maybe that terrible scenario doesn't happen, and if you do that you will come to a better balance decision.'
'To be financially strong requires you to not spend more than you earn.'
Follow Ray Dalio:
Website: https://www.principles.com/
Twitter: https://twitter.com/RayDalio
Instagram: https://www.instagram.com/raydalio/
YouTube: https://www.youtube.com/channel/UCqvaXJ1K3HheTPNjH-KpwXQ
Has Ray Dalio considered extending his concept of indebtedness and reaching a state where debt cannot be repaid to the planet as the source of all our wealth, and that the way people have overdrawn that wealth, damaged the planet, and cannot repair and recover that debt to the planet.
In the early 1900s and perhaps the 1950s, that overuse and our inability to repair or coexist was not apparent. It is now but does not seem to be part of the conversation about finances, and private and fiscal debt.
@Virgo49275 Says:
Dont put the excuse on the Pandemic.
Americunts had clown Leaders and also too complacent and wars mongerings.😅
@David-z5w1c Says:
America isn't collapsing like Rome. Rome was slowly collapsing longer than the entire existence of our shitstain. Don't conflate shitstain amurica with Roman empire
@SquidPrince85 Says:
The answer to the opening question is to think about it from the bankers perspective: if you want to own, control and dominate the entire country or the world you must bankrupt entire countries all at once. How? Encourage debt and inflation intentionally. That’s what is happening right now. When debt gets high enough they will trigger the economic collapse as described by Whitney Webb.
The rest of the story will be completely dystopian without exception. Debt and weaponized money are the tools coupled with inflation and so on. Cryptocurrency may be the solution, but it very difficult to know at this point. Reduced individual debt is helpful and increasing financial resources in hand (not on paper) such as real gold and silver.
@ericlavoie4697 Says:
We should be asking what can we all do help government make it better get threw this mess
@helgasaintpierre9809 Says:
Everything Trump has touched has turned to ash, America won't be any different.
@tokbucks Says:
He never mentioned how British default on debt held by India 🇮🇳 that was equivalent to 5000 tons of gold. The gold reserves held by BOE.today is slightly over 5k tons
@patrickciacco1083 Says:
Yes, America will fall sooner or later just like Sumer & Babylon fell. Just like Egypt, Greece & Rome fell. Nothing last forever except the earth and sky. What goes up must inevitably come back down. History since the dawn of time has been one big Merry Go Round.
@devoncarter3404 Says:
In the most advanced stone age civilizations on Earth that developed over 50,000 years natural disagreements arrising from the clash between personal freedom as the liberty to choose a marriage partner by a girl at puberty and the interest of parents to maximize their quality of life by an arranged marriage at or before her birth, disputes were resolved by the upsurper having to survive a trial by ordeal where he might be speared to death while armed only with a shield and a body smeared with emu fat. If he survived the ordeal, he kept his prize. If killed or seriously wounded the jilted groom reclaimed his promised bride. In the more primative Semite cultures without the natural right of personal freedom both the promised bride and upsurper who have been stoned to death for adultery, a very costly waste of human life. Monotheism that overprivileges private property rights ultimately creates capitalism and capitalism creates plutocracy with a global superpower military technology to create a geopolitical empire without end. The current slaughterfest in Palestine-Israel is par for the course wherever monotheism takes root. Only scientism deals with the source of the problem by exposing the god-ruse of monotheism that was created as an ideological weapon to destroy a democracy of scientifically informed equals. The fix lies at the begining of the cycle, not at the end.
@josephkryzak3331 Says:
I was saying that in my earth twen
@exceptionallyskeptical587 Says:
To think we saw this train coming a yr ago. It's a blessing every day we have to get ready.
@tom_rob Says:
00:00 - Q :
00:13 - Look at
05:35 - LOL . . . Fractional Reserve Banking - R O F L M A O
@md28stads Says:
Most US debt is actually held by the tax payers not foreign countries.
@michaelhardman7788 Says:
If Trump stops supporting Ukraine, NATO will kick the US Military out of Europe. BRICS has arrived, Saudia Arabia and Turkey want join BRICS. For Saudi Arabia to join BRICS, the Saudis will be forced expel all US forces out of the country should they wish to join. This isolate's the US and restricts its military tentacles around the globe. Trump will also stop supplying weapons to Israeli's and that will create even more political chaos in US politics.
@mattlocascio4949 Says:
umm, you know. seroiusly
@Mojita82 Says:
I think you cut some thing in 14:57 ... what he said that you replied its terrifying???
@eugeniogeneramirez1794 Says:
No. They don't print the money. Banks create new money by lending more of it. The banks then hope that a financial crisis ends and the extra money lent is paid back.
@iAdden Says:
This is just Fourth Turning
@brooklynbummer Says:
Pretty much what history teaches us. No one reads or learns from history.
@stuartmckenzie8095 Says:
I wonder what part the Colonel has to play in the new beast CBDC system as the Wolf dresses in sheep’s clothing to lead the masses to the crypto pied piper, warp speed and all.
@dr.radiobooks Says:
Five hundred years of Western hegemony has ended, while the global majority’s aspiration for a world order based on multipolarity and sovereign equality is rising. This incisive book addresses the demise of liberal hegemony, though pointing out that a multipolar Westphalian world order has not yet taken shape, leaving the world in a period of interregnum. A legal vacuum has emerged, in which the conflicting sides are competing to define the future order.
NATO expansionism was an important component of liberal hegemony as it was intended to cement the collective hegemony of the West as the foundation for a liberal democratic peace. Instead, it dismantled the pan-European security architecture and set Europe on the path to war without the possibility of a course correction. Ukraine as a divided country in a divided Europe has been a crucial pawn in the great power competition between NATO and Russia for the past three decades.
The war in Ukraine is a symptom of the collapsing world order. The war revealed the dysfunction of liberal hegemony in terms of both power and legitimacy, and it sparked a proxy war between the West and Russia instead of ensuring peace, the source of its legitimacy.
The proxy war, unprecedented sanctions, and efforts to isolate Russia in the wider world contributed to the demise of liberal hegemony as opposed to its revival. Much of the world responded to the war by intensifying their transition to a Eurasian world order that rejects hegemony and liberal universalism. The economic architecture is being reorganised as the world diversifies away from excessive reliance on Western technologies, industries, transportation corridors, banks, payment systems, insurance systems, and currencies. Universalism based on Western values is replaced by civilisational distinctiveness, sovereign inequality is swapped with sovereign equality, socialising inferiors is replaced by negotiations, and the rules-based international order is discarded in favour of international law. A Westphalian world order is reasserting itself, although with Eurasian characteristics.
The West’s defeat of Russia would restore the unipolar world order while a Russian victory would cement a multipolar one. The international system is now at its most dangerous as the prospect of compromise is absent, meaning the winner will take all. Both NATO under US direction and Russia are therefore prepared to take great risks and escalate, making nuclear wan increasingly likely.
@charlesvincent8498 Says:
In short the country is being painted in a corner , in my opinion weather we like it or not .
@davidpestes6902 Says:
Consider boring peaceful Canada for a safer investment for the future.
@webname214 Says:
Came after a year to comment, WHAT A BS PREDICTION! 😂
@StephanieRocker-ry7wp Says:
There is always a rise and fall to everything
@andrewharmon3653 Says:
What? The French Revolution was to behead and confiscate the upper class: the nobility. What moderate? If you meant to say that moderates must become one extreme or the other, still it is one extreme or the other that looses.
@MercerTransport-pk1xj Says:
Trump will fix this
@PVLocalFirst Says:
Everyday people didn't storm the Capitol, Trump supporters did after Giuilani said "trial by combat," and Trump never said no, we need to be non-violent.
@PVLocalFirst Says:
While none of us walk on water, 10 of the last 11 recessions in America happened under Republicans. Trump, earlier in life, has said that the economy does better under democrats. Please vote for Kamala!!!
@Dantursi1 Says:
Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich
@Aarrenrhonda3 Says:
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
@JohnSpurrell Says:
It was clear it was overwith when the FBI started selling Military Building supplies and equipment to their foreign German security officials at night as well sharing background information on CIA operatives and citizens to their overseas government approved German officials like they once did with their Natzi officials. Today they are fully engaged in removing all Veteran benefits unless approved by them for national socialistic security reasons they refuse to revil !!! 😅
@stevenstone9166 Says:
Remember Dalio said cash is trash, that’s why Buffet has more cash stashed away now than ever before because Buffet knows something that Dalio doesn’t.
@jameshieronymus3522 Says:
Rome never collapsed just changed its name, n the emperor is the pope
@abrambadal8997 Says:
He keeps saying as Citizen LANDA (?) '' Government Prints Money '' , but IT IS THE FED OWNERS ( Rockefellers, J.P. Morgans & Rothchilds , City Bank etc.... ) the private is THAT INFORM GOVERNMENT FOR QUANTITATIVE EASINGS , by intermediary of their employee or former employee , paid by them too , who is appointed by those MONEY BUGS, called FINANCE MINISTER '' chosen by The President to advice Her or Him '' ! Just because it is eliminated from schools & Universities to teach the HISTORIC EVENT IN USA , when US Central Bank systems was finally taken over by THOSE MONRY MASTERS ( who print The Dollars since 1913 and own it ! ! ) the date of privatization of US Federal Central Banking system by those Money Masters ! AND THUS USA ceased to be A GENUINE REPUBLIC EVER SINCE ! ! !
@nightguy5796 Says:
We had had one of the largest transfer of wealth we have ever had in the last 40 years. That is a big reason the middle class is hurting. We were in a similar situation just before the Great Depression crushed our economy. Why don’t we do what we did to solve that problem back then. Oh wait, that would mean taxes would go up on the super wealthy, we better not talk about that.
@myrabyrd3522 Says:
The bottom line is that rich people get rich off of the middle class!!! Also, the rich invest their money in other Countries!!! Not in the United States🇺🇸 were low pay makes it impossible for us to buy or sell or invest in anything🤔MB😢
@Randomcliff01 Says:
America became rich on war, now individual companies get rich on war. China is just a big company. Interest rates are just another tax. China earns money from the American tax payer for owning that debt.
@sohadismusidi Says:
US is the mother of terrorist worldwide. They knew no people on this earth can stop them. And alMighty God always knowing this, now is the time, its between US and alMighty.
@nambekar123 Says:
who gave america the right to protect Taiwan from china ??
America itself is the biggest bully in the world ..
@sarahcovell561 Says:
A pompous ideologue complaining about the lack of tolerance for moderation 😅😅😅😅😅😅😅
@NickRachuna Says:
Ray is a Chinese spy, America saboteur and traitor.
@nativetexan6628 Says:
Debt and printing money so the rich can have tax cuts is a song I've heard s8mce i was a young child and I'm 70!
Where do you put what little money you have so that you don't lose everything when the Republicans steal the election and start a civil war? Information we could actually use!!!!
@bramposthumus9300 Says:
Russia was sanctioned because it started another one of its savage dumb wars of aggression.
@georgeyao436 Says:
Wealth like energy can neither be created or destroyed but change form. The question is what form will all this money take so you can profit from it in once in a lifetime wealth transfer from one form to another. That is the power of thinking outside the system of the paper/debt based financial system to an asset based financial system. You will own nothing if the financial system crashes and you can't get your wealth out of perpetual paper/debt system.
@sacredcowpictures8959 Says:
This entire video is cliched and boring.
@AndreaHausberg-yt5qx Says:
One thing conspiracy theorists never consider: that they are being set up with the story they believe. Conspiracy promoters have an agenda too! 😅
@Ovalrapture Says:
I keep hearing the two phrases "People are stupid, all people". And "You can't fix stupid". This applies exponentially to geniuses and youtubers.
@gprang Says:
Our Constitution has been eroded by Marxism for almost 100 years now. That's why things are breaking. We have seen this happen in more than 100 countries since 1917. They go Marxist, and then they descend into chaos and go broke. What follows, inevitably, in restoration of order by a dictator. Sometimes benevolent, in which case democracy gets restored eventually, sometimes not. In no case (correct me if I'm wrong) has a country gone from Leftist chaos and collapse directly back to democracy. There has always been a dictator, usually a General, in response to Marxist failure.
@afzaalkhan.m Says:
Where do the billions and billions of dollars gifted to ukraine and isreal sourced from,then 780 military bases require billions, too.
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